Circulars/Notifications - Exchange Policy Department  
EPD.FE Circular No. 01 of 2008

April 10, 2008

The Head/ Principal Offices of all
Authorized Dealers in Foreign Exchange

Dear Sir/ Madam,

Monthly Foreign Exchange Returns – Reporting of ITRS data

Attention of Authorized Dealers is invited to Circular No. 23/FEP-14(22)-94 dated July 13, 1994, amended from time to time, in terms of which Authorized Dealers are required to submit monthly data of foreign exchange transactions to Statistics and Data Warehouse Department (Formerly Statistics Department) by the 10th of the following month.

With the considerable development in IT field over a period of time, it has become imperative to reduce the period of submission for the captioned data from 10 days to 5 days which will help in enhancing the efficiency of the of statistical information system and quick dissemination of the aggregate foreign exchange data.

Consequently, Authorized Dealers are advised to supply monthly foreign exchange data on revised schedule starting from July 2008 and onward by 5th of the following month to the reference month along-with the basic documents of the transactions of value equalent to US Dollar one million and above.

In case of any query, please contact Mr. Muhammad Zarar Askari, Joint Director, Exchange Accounts Division, Statistics & Data Warehouse Department, State Bank of Pakistan at 021-245 3629 and 021 921 8112.

Authorized Dealers are advised to bring the above to the notice of all their constituents.

Yours faithfully,

(Syed Samar Hasnain)

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